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vodomira [7]
3 years ago
15

Daniel, his parents, and three brothers own all the stock of their family farm corporation and each person takes an active role

in managing the enterprise. This corporation, which is taxed as a corporation, is most likely a. a professional corporation. b. a close corporation. c. an S corporation. d. a proprietorship.
Business
1 answer:
Nutka1998 [239]3 years ago
4 0

Answer:

b. a close corporation

Explanation:

A closed corporation has the following characteristics:

1. It is owned by a few people

2. It is taxed as a corporation

3. The shareholders run the business.

A s corporation has the following characteristics:

1. It has a maximum of 100 shareholders

2. It is taxed as a partnership

A sole proprietorship has the following characteristics:

I. It is owned by one person

2. The owner has unlimited liabilities.

I hope my answer helps you.

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2. How does feature-benefit selling create selling points?
Wittaler [7]

Answer:

Feature-benefit selling is the process of connecting your the things your product helps your customer do (features) to the goals it will help them achieve and the pain points it will help them eliminate.

Explanation:

7 0
2 years ago
How do macroeconomists distinguish between nominal and real values of​ variables?
lesantik [10]

I believe the answer is: c. nominal variables are measured in market​ prices; real variables are measured in quantities of goods and services.

the nominal value of a certain good would be fluctuated (could either increased or decreased) depending on the power of the supply and demand in the market. the real value on the other hand is valued using the price of a base year.


7 0
3 years ago
Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
erik [133]

Answer:

$0.12 billion; a budget surplus

Explanation:

Given that,

Total spending for the last fiscal year = $4.71 billion

Tax collected during the same fiscal year = $4.83 billion

Government transfers = $0

Lilliput's budget balance:

= (Taxes - Government transfers) - Total spending of government

= ($4.83 billion - $0) - $4.71 billion

= $0.12 billion

Therefore, the Lilliput has a budget surplus during the last fiscal year because of the positive budget balance.

5 0
3 years ago
Assume a $170,000 investment and the following cash flows for two products: Year Product X Product Y 1 $ 40,000 $ 60,000 2 60,00
Arturiano [62]

Answer:

a. Product X = 3.50 years

   Product Y = 3.25 years

b. Product Y

Explanation:

The cash flows for the two products as well as the balance at the end of each year is given as follows:

Initial\ balance = -170,000\\\\\begin{array}{ccccc}Year&Product\ X&Product\ Y& Balance\ X& Balance\ Y\\1&40,000&60,000&-130,000&-110,000\\2&60,000&70,000&-70,000&-40,000\\3&50,000&30,000&-20,000&-10,000\\4&40,000&40,000&20,000&20,000\end{array}

For both products, the payback period is reached between the third and fourth year.

Product X:

Payback = 3+\frac{20,000}{40,000} = 3.50\ years

Product Y:

Payback = 3+\frac{10,000}{40,000} = 3.25\ years

Under the payback method, the alternative that presents the shortest payback period should be selected. Therefore, Product Y should be selected.

3 0
3 years ago
Hassock Corp. produces woven wall hangings. It takes 3 hours of direct labor to produce a single wall hanging. Hassock standard
NISA [10]

Answer:

Direct labor time (efficiency) variance= $2,080 unfavorable

Explanation:

Giving the following information:

Standard= 3 hours of direct labor per unit

The standard labor cost is $13 per hour.

During August, Hassock produced 9,000 units and used 27,160 hours

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13

Direct labor time (efficiency) variance= $2,080 unfavorable

5 0
2 years ago
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